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Author Topic: How do you Panic?  (Read 39106 times)
bamboylee
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June 28, 2017, 11:51:25 AM
 #21

I do not panic. Panicking is for newbie traders. What you do when your position is being dumped? take a break and come back later. That will prevent you from doing unrational action against your position. If you are just holding, hodl more. If you are shorting, use stop loss button.














 

 

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June 28, 2017, 12:01:17 PM
 #22

Whether its bitcoin trading or altcoin trading, there is bound to come a time when your investment is getting dumped badly, and its panic time.
How do you panic? Does that really make you panic and do you take decisions that you actually regretted later? Or do you keep calm and HODL?
What makes you panic and how do you react to it?

I don't. I can never imagine myself being so panicky about things that I can never control like the cryptocurrency market. The price goes down? Okay. I don't need money anyway. It will hurt you and your bitcoin wallet a lot if you don't save up enough fiat money to live for a month without converting your bitcoins at all. Sure you can cash out anytime you want but you have to wait for the right time so you get the best out of it.

I currently have Lunyr tokens because I participated in their signature campaign. The price of the coin always goes down after achieving a high price for not so long. I don't really care at all. I just think that everything is normal. The price will always go up and down. There will be times when the price spikes up and down as well. You shouldn't be so shocked about it. The only time that I might panic is when the price has gone down and when I check their thread, the devs have already run away. That means sure loss to me and that's irritating.
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June 28, 2017, 12:02:21 PM
 #23

What makes you panic and how do you react to it?
There were times, I traded some loaned money which made me panic on seeing falling prices now I am not making same mistakes as now a days I trade only with my small capital which could be considered at affordable levels even in losing them. When affordable capital alone at risk of losing along with falling prices, I am honestly able to keep my coolness. I guess this is must be a right way of trading like no interference from emotions.

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June 28, 2017, 12:05:15 PM
 #24

Whether its bitcoin trading or altcoin trading, there is bound to come a time when your investment is getting dumped badly, and its panic time.
How do you panic? Does that really make you panic and do you take decisions that you actually regretted later? Or do you keep calm and HODL?
What makes you panic and how do you react to it?

Sudden price drop always led me to panic selling. faint heart and being afraid of losing too much. same goes with sudden price pump im too quick with the sell button.. i always believe that profit is profit no matter how small or big

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June 28, 2017, 12:17:16 PM
 #25

To be honest, I'm already sick of the panic in other users. I understand that everyone wants to make money and does not lose a drop, but you still need to firmly believe in what will happen in the future. If the forecasts are positive, then it will be so.

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June 28, 2017, 12:22:07 PM
 #26

Panic sell really makes me annoyed, where we always cornered in two choices

-Select a sale but loss
-select hold but do not know when it will rise again

First, the first choice I always do
But now ,, better I save it even with high risk .. ,, coin die and become garbage



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June 28, 2017, 12:49:47 PM
 #27

I don't panic anymore, I'm buying the dip.

My portfolio value fluctuates quite a few thousand sometimes, it doesn't makes me anxious anymore, what goes down must go up. Cheesy
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June 28, 2017, 12:59:48 PM
 #28

I believe in my portfolios, That's the usefulness of your analyzation. With your analysis and you will be able to take the best decision to do a long-term hodl for your portfolio.

Or if you are feeling panic and sell all your coin at the dump time and that means if you're just following the hype and never try to do a research with the potential of its project.

That's obviously true.

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June 28, 2017, 01:18:53 PM
 #29

I don't panic, I try to avoid these situation and keep the cool head. I don't make quick and emotional decisions so I'm fully aware of risk I'm taking. Besides panic can't change anything and can't make things better only worse. So be prepared to risk you are taking, be aware of consequences and make sure you can handle them. So there is no room for panic.

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June 28, 2017, 01:44:36 PM
 #30

I don't panic, I try to avoid these situation and keep the cool head. I don't make quick and emotional decisions so I'm fully aware of risk I'm taking. Besides panic can't change anything and can't make things better only worse. So be prepared to risk you are taking, be aware of consequences and make sure you can handle them. So there is no room for panic.

Good for you, though I think panic is normal especially for people who's just starting with trading. Trading is something that deals with people's money so panicking when you see your money slowly declining in amount is a natural reaction. As you gain experience the longer you trade, you'll learn to put in check your panic reaction so just relax and don't be afraid to make mistakes and learn from them

   
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June 28, 2017, 02:23:24 PM
 #31

Usually one does panic when you are not confident in trading and when you are not familiar with how trading works, so if a little dump with the coins you have on hold would tend to make you feel scared and then when panic strikes you eventually sell them because you feel like you might loose a lot if your coins go down with the dumping of the coins. I was like that at first but I learned my lesson and have self control now.

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June 28, 2017, 02:41:34 PM
 #32

Usually one does panic when you are not confident in trading and when you are not familiar with how trading works, so if a little dump with the coins you have on hold would tend to make you feel scared and then when panic strikes you eventually sell them because you feel like you might loose a lot if your coins go down with the dumping of the coins. I was like that at first but I learned my lesson and have self control now.
Starting in trading, everyone will get panic if any small price drop occurs in coins. But after some time people will learn how the market will work in real time. Once they become a pro in trading, then no one will get panic if any small price drops occur. Beginning I was also like this, but now I learned how to handle the situation when the price is suddenly dropped.
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June 28, 2017, 02:50:28 PM
 #33

Whether its bitcoin trading or altcoin trading, there is bound to come a time when your investment is getting dumped badly, and its panic time.
How do you panic? Does that really make you panic and do you take decisions that you actually regretted later? Or do you keep calm and HODL?
What makes you panic and how do you react to it?

Before that I was panicking, I usually sell all the collected bitcoins I've got. As my way of thinking is very negative, I really don't think that holding will be a good thing so that's what I do. And as the time goes by when the price of bitcoin is increasing, I'm computing on how much I did lost and regret it.
Yes it is an occurrence that is often felt by everyone when they panic to sell at a low price so that after they sell all the btc they have a price increase then it is only a regret due to rush to sell or can be called panic.

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June 28, 2017, 03:09:59 PM
 #34

I panic very rarely as most of my investment is earned online so nothing from my pocket and I know that if I get less somewhere then I'll make more profit somewhere else. So no problem overall. I panicked in my learning phase but was using a demo account then.


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darthmaul
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June 28, 2017, 03:20:59 PM
 #35

I used to panic badly when I first started investing onto trading platforms. Now a days Im sure to losses and recoveries from losses. The first thing I learnt over a years experience is that, never panic while trading or just leave the platform when you are panic. The panic situation will lead to stress and loss of consciousness from what you are trading. Next time you will put more stakes on the same crypto in the want of getting back your losses plus adding up some profits. But this will give you more loss than profit.

You will never reach break even point if you keep panicking in the trade world. I have managed to control my emotions by overcoming my greedy trades. I usually limit myself before I can turn into panic junk. If yo can't leave without getting panic then just don't do trades. 


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June 28, 2017, 03:24:46 PM
 #36

I panic very rarely as most of my investment is earned online so nothing from my pocket and I know that if I get less somewhere then I'll make more profit somewhere else. So no problem overall. I panicked in my learning phase but was using a demo account then.
It is a practice among many online entrepreneurs like they will never treat their online earning seriously compared to real time job. This may be due to they are earning online only in their spare time that is the reason they are not giving equal importance/ value for online earning.

But it seems it is a good practice as they are capable of maintaining their coolness when they are seeing their trading position is losing its value.

Obviously part time earning will be affordable to lose because you will be having regular job to take care of you and your family. When we are not trading with our committed money, we can hold our nerves so that we will never get panic.
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June 28, 2017, 03:29:52 PM
 #37

I panic very rarely as most of my investment is earned online so nothing from my pocket and I know that if I get less somewhere then I'll make more profit somewhere else. So no problem overall. I panicked in my learning phase but was using a demo account then.
This is a normal matter of any trader newbie on the world's, but sometime I think it is an issue for all traders although you have more experience on market if you not paying attention and careful your Balance. Finally, after a panic seller and take some loss, we will have precious experiences and can use that for the road trading in future!
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June 28, 2017, 03:38:54 PM
 #38

for me it depend how much percentages the dumped for each coin which is i have already to trade because if only less than 10% usually i still hold my asset untill the situation change or the price recover but if the dumped more than 30% and it is happened at the same day then cutting my loss will be my wise actions to safe my money
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June 28, 2017, 04:00:46 PM
 #39

for me it depend how much percentages the dumped for each coin which is i have already to trade because if only less than 10% usually i still hold my asset untill the situation change or the price recover but if the dumped more than 30% and it is happened at the same day then cutting my loss will be my wise actions to safe my money
Of course I understand that each user does not rise for his money, but you need to understand that some specifically start to raise panic And thereby manipulate the market so that others start selling Bitcoin and thus drop Well, so that there is an opportunity to buy Bitcoin for a cheaper price.

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June 28, 2017, 04:10:05 PM
 #40

Personally, I have gotten past that stage of panicking already. The market is volatile and all these dumps and crash are bound to happen. They will still bounce back, in fact I see the period as a way to acquire more of the coins. Recently, the whole market kept dropping hugely in value and God knows, I enjoyed it. For Altcoins, I buy when lower and sell when higher, while bitcoin remains in my wallet. How cool is that? It is normal though to get panic for an altcoin depending on the percentage drop but not for bitcoin.


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